No, Sigfox is not going out of business. The announcement shows that the Sigfox team is taking an active approach to protect the company and its employees, reset, restructure, and turn around the business.
Management will be working closely with the appointed administrators to ensure that ALL business operations, services and support remain intact until a suitable solution is found.
During the 6 monthly observation period, Sigfox will be focused on finding investors to support the long-term development of the company and its unique technology while meeting its day-to-day financial commitments.
In the meantime, a business continuity plan has been agreed upon and implemented with Sigfox Operators to ensure zero disruption to network operations globally.
Customers are protected with the continuity of service clause which allows independent Sigfox Operators to retrieve messages from the back-end and send them to any back-end in the event Sigfox network is disrupted.
As the exclusive 0G Network Operator of Sigfox in México our business services and support for our partners and customers continues and remains business-as-usual.